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Investing.com - RBC Capital initiated coverage on GQG Partners Inc (ASX:GQG) with an outperform rating and a price target of AUD2.90, according to a research note released Monday.
The investment firm identified GQG as a top quintile performing manager globally, highlighting its notable inflows in both the U.S. and Australian markets. RBC Capital cited the company’s low-cost base and competitive fee structure as key factors supporting its resilience against sector headwinds.
GQG Partners offers an 11% dividend yield, which RBC Capital described as appealing to investors in the current market environment. The firm’s analysis pointed to this dividend as a significant component of the investment case for GQG.
The research note also emphasized GQG’s emerging Alternatives strategy, which RBC Capital believes provides long-term optionality and potential upside beyond their current valuation estimates. This developing business segment represents a growth opportunity for the investment management firm.
RBC Capital’s AUD2.90 price target for GQG Partners reflects their positive outlook on the company’s business model and growth prospects in both established and emerging market segments.
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